Iran plans to establish steel plants near Persian Gulf, Oman sea
Baku, Azerbaijan, Sept.10
By Fatih Karimov - Trend:
Iran plans to establish steel plants near the Persian Gulf and Sea of Oman.
Mehdi Karbasian, the Iranian deputy industry, mining, and trade minister, said that steel plants of up to 10 million tons capacity will be established near the Persian Gulf and Sea of Oman, Iran's Mehr news agency reported on September 10.
Since steel plants need large amounts of water to operate, the steel plants will be established near the seas, he explained.
The World Steel Association said in its latest press release that Iran produced 1.375 million tons of crude steel in June 2014, a 10 percent rise year on year.
The country produced 7.982 million tons of crude steel in the first six months of 2014, the IRIB reported on July 23.
Iran's crude steel production reached 15.421 million tons in 2013, which is 6.6 percent more than its preceding year.
Iran was the world's 15th biggest producer of steel in 2013.
Iran plans to increase its annual steel output to 55 million tons by the end of the Fifth Five-Year Development Plan (2015).